38242 Income Statistics

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Comparison to Surrounding Areas

38242 Median Household Income

The median household income ($45,459) for 38242 is less than the median household income for 38256 ($52,535), 38241 ($57,656), 38251 ($52,188), 38222 ($51,418), 38224 ($55,714), 38225 ($53,393), 38229 ($55,625), 38236 ($68,793), Weakley County ($47,769), and Henry County ($48,025). But it's more than 38201 ($44,828), 38231 ($41,932), Paris city ($39,378), and Whitlock CDP ($-1).

38242	$45,459
Paris city	$39,378
Whitlock CDP	$-1
Henry County	$48,025
Weakley County	$47,769

38242 Average Household Income

The average household income ($66,928) for 38242 is less than the average household income for 38222 ($68,792), 38224 ($72,164), 38225 ($77,773), and 38236 ($73,257). But it's more than 38256 ($65,338), 38229 ($64,212), 38231 ($53,708), 38241 ($66,319), 38251 ($61,695), 38201 ($64,665), Weakley County ($64,752), Henry County ($65,627), Paris city ($58,378), and Whitlock CDP ($-1).

38242	$66,928
Paris city	$58,378
Whitlock CDP	$-1
Henry County	$65,627
Weakley County	$64,752

38242 Per-Capita Income

The per-capita income for 38242 is $28,306. The per capita income ($28,306) for 38242 is less than the per capita income for 38224 ($33,888), 38225 ($32,846), 38236 ($39,769), and 38256 ($31,933). But it's more than 38251 ($25,348), 38222 ($27,073), 38229 ($27,106), 38231 ($22,815), 38241 ($24,884), 38201 ($24,187), Weakley County ($26,820), Henry County ($28,098), Paris city ($25,896), and Whitlock CDP ($-1).

38242	$28,306
Paris city	$25,896
Whitlock CDP	$-1
Henry County	$28,098
Weakley County	$26,820

38242 High Income Households

4.0% of households make over $200,000 a year. The percent high income households (4.0%) for 38242 is more than 38256 (4.0%), 38231 (2.9%), 38236 (0.0%), 38241 (0.9%), 38251 (1.9%), 38201 (2.6%), 38222 (7.2%), 38224 (4.3%), 38225 (4.0%), 38229 (1.8%), Weakley County (2.7%), Henry County (3.8%), Paris city (2.5%), and Whitlock CDP (0.0%).

38242	4.0%
Paris city	2.5%
Whitlock CDP	0.0%
Henry County	3.8%
Weakley County	2.7%

38242 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
38242	$-1	$46,854	$55,616	$40,428
Paris city	$-1	$38,827	$55,530	$36,736
Whitlock CDP	$-1	$-1	$-1	$-1
Henry County	$38,155	$50,828	$52,628	$42,411
Weakley County	$25,837	$49,339	$64,067	$40,625

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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 38242 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

	Median Household Income	Average Household Income	Per Capita Income	High Income Households	Median Household Income by Age of Householder
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
38242	+/-$4,229	+/-$5,486	+/-$2,051	+/-1.5%	+/-$-1	+/-$9,834	+/-$12,543	+/-$7,020
Paris city	+/-$4,100	+/-$6,253	+/-$2,496	+/-1.6%	+/-$-1	+/-$8,889	+/-$15,413	+/-$9,347
Whitlock CDP	+/-$-1	+/-$-1	+/-$-1	+/-79.9%	+/-$-1	+/-$-1	+/-$-1	+/-$-1
Henry County	+/-$2,606	+/-$3,678	+/-$1,576	+/-1.1%	+/-$13,903	+/-$8,822	+/-$6,048	+/-$5,222
Weakley County	+/-$2,693	+/-$4,417	+/-$1,777	+/-0.8%	+/-$8,120	+/-$7,995	+/-$7,057	+/-$5,130